Sergey Ivancheglo recently announced that he is filing a lawsuit against IOTA co-founder David Sanstebe for 25,000000 MIOTA tokens (about $7.7 million).
In a tweet posted on February 2, the formerDirector of the IOTA Foundation and co-founder of IOTA Sergei Ivancheglo said that from now on the working relationship between him and his colleague David Sanstebe has been terminated.
He also said that he planned to take part in the lawsuits against Sansteb due to the refusal to transfer about 25 million IOTA tokens.
Former IOTA Foundation Director Calls For ResignationSenstebe and accuses him of embezzling funds to finance the JINN lab. Founded in 2014, the company is developing a revolutionary three-processor microprocessor for the IOTA hardware division.
Ivancheglo Joins IOTA Board of DirectorsFoundation in the summer of 2018. However, less than a year later, Ivancheglo left the fund, sold tokens and founded a virtual game development company called Paracosm.
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